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Nah, just mates coming together.

Lol. Why is this so? Making decisions has been fairly easy - no emotions attached - in fact the only issue we have faced so far is the finance. We have an independent consultant though (a female) - so that makes it easy making objective decisions.

Nine males only.

Yes, that's what our lawyer suggested. What set up would you suggest?

We have had two brokers so far. The first spoke to Bankwest, they said they would lend us on 80% LVR. Submitted paperwork - they said structure was too complex. Moved onto to another broker, NAB was okay - but took too long and at the end no finance. Looking at a simpler way of doing this. In...

I think the issue is the no. of parties involved, not the Unit Trust per se. We have not dealt directly with banks, and no hits on credit files (we didn't get to that point) We have a broker, who is also a member of this board.

We have been knocked back by two banks now for a property deal (Bankwest and NAB). Deposit and serviceability not an issue, but the appropriate structure. Our Structure consists of a Unit Trust with a Corporate Trustee. We are equal partners and each of us holds 1/9th of the units through...